Guyana's tax agency to begin dispute resolution with Exxon over expenses

GEORGETOWN, March 6 (Reuters) - Guyana's Natural Resources ministry has ordered the country's tax agency to begin a dispute resolution with Exxon Mobil XOM.N over the recovery of some $214 million in expenses registered by the U.S. major as part of its offshore operations.

The move follows the completion of an audit by U.S.-based consultancy IHS Markit covering expenses in the 1999-2017 period.

A second audit ordered by the government to firm VHE Consulting covering expenses from 2018 to 2020 has not been completed, the ministry said in a release.